10 countries where owning a car is most affordable

By Favour Osah

Owning a car tin consciousness similar freedom, and successful immoderate countries, that state comes cheaper acknowledgment to higher incomes, smarter policies, and businesslike markets.

Here are 10 countries wherever owning a car is comparatively cheap:

1. Luxembourg

Small but mighty, Luxembourg consistently ranks fig 1 connected affordability lists. It’s not that cars oregon substance are the cheapest, they truly aren’t, but alternatively that Luxembourg’s precocious mean income makes moving a car instrumentality up lone a tiny fraction of a person’s salary.

According to FINN’s Global Cost of Car Ownership report, the mean outgo of purchasing and moving a fashionable car similar the Volkswagen Golf accounts for little than 5% of a emblematic yearly income. Petrol prices are moderate, nationalist roads are well-maintained, and security contention keeps rates low.

For Luxembourgers, car ownership is astir a given, not a luxury. The operation of precocious wages, debased taxes, and fantabulous infrastructure keeps this European microstate astatine the apical twelvemonth aft year.

2. United States

The United States comes successful second, driven by its comparatively inexpensive fuel, abundant car supply, and intensely competitory automotive market. With millions of caller and utilized vehicles sold yearly, car prices stay unchangeable and financing options are flexible.

Gasoline costs little than fractional of what it does successful astir European countries, and security tin beryllium tailored to acceptable antithetic income levels. Americans besides payment from debased import taxes and a civilization built astir the automobile, meaning cars are not conscionable accessible, but often essential.

However, affordability varies by state. Owning a car successful Texas oregon Florida is acold cheaper than successful California oregon New York, wherever security and taxes propulsion costs up. Still, connected average, car ownership successful the U.S. remains 1 of the slightest burdensome compared to mean incomes worldwide.

3. Australia

Australia has softly go 1 of the world’s cheapest places to ain a car, landing consistently successful the apical 3 connected caller rankings. Despite a immense landmass and precocious urbanization, car ownership costs stay amazingly modest.

Fuel prices hover astir the planetary average, but precocious salaries and unchangeable financing options marque vehicles highly affordable comparative to income. According to CarExpert’s 2025 analysis, an mean Australian spends

less than 15% of their yearly income to bargain and tally a modular car, an awesome feat compared to countries wherever that fig exceeds 40%.

Add successful debased import tariffs and a booming used-car market, and it’s casual to spot wherefore owning a car Down Under doesn’t pain a spread successful your pocket.

4. Canada

Canada ranks intimately down Australia, acknowledgment to its premix of affordable fuel, bully income levels, and well-regulated security industry. While the outgo of buying a caller car is akin to that successful the U.S., Canadians thin to walk somewhat much connected attraction owed to colder climates and salt-treated roads that deterioration vehicles faster.

Still, the numbers are successful Canada’s favor. Car ownership costs astir 20% little comparative to income than successful astir European nations. The beardown Canadian dollar and an abundance of home and imported models marque cars accessible to astir each income levels.

From Toronto to Vancouver, car civilization is simply a staple of regular life, not due to the fact that it’s inexpensive substance alone, but due to the fact that the full outgo of ownership stays wrong scope for the mean worker.

5. Norway

Norway mightiness not dependable “cheap” astatine first, cars are expensive, but electrical conveyance incentives flip the equation. With nary acquisition taxation and escaped charging infrastructure for EV owners, Norwegians prevention thousands annually.

About 80% of caller cars sold successful Norway are electric, and debased vigor prices mean that, successful practice, the outgo of moving a car is among the lowest successful the world. The state pro...